Compare heating oil prices with our pricing plans.
If you're looking for a better way to save and manage your heating oil budget, we've got the pricing plans to help you do it! And don't worry about a sign-up fee for any of them, there isn't one. You simply choose which is the right that suits you and your particular needs:
Manage your home heating oil prices with our variable or ceiling heating oil pricing plans!
Variable heating oil pricing plan
- Rate fluctuates up and down depending on market conditions
- No price protection costs
- No termination fees
Ceiling heating oil pricing plan
- Puts a limit on how high your oil price can go
- Price trends up or down based on market conditions but will never exceed a set limit.
- Requires a 1-year commitment
- Cost is protected by us, we assume all the risk
- If an account is terminated prior to our contract expiration date, there is an $399.00 early termination fee
SmartPay
Our SmartPay budget plan lets you spread your heating oil and any service plan costs throughout the year, into equal installments that you pay every month, rather than having larger heating oil bills during the high-use winter months. Your monthly payment is calculated after a quick analysis of your annual heating oil usage.* There are no enrollment fees and for even more convenience, you can have your monthly payments automatically deducted from your checking account.
Learn more about our SmartPay Budget Plan
*Settlement of your account will occur annually and your payment will be adjusted (up or down) based on your balance.
Oil is our business! We have been faithfully servicing Long Island for generations. Best of all, we are a full service and premier heating oil provider. Why is that good news for you? No matter the weather, the time, and even in the worst winter storms, we will do our best to deliver oil to you. Heating oil deliveries are automatic and we have never run out of oil. To give you further peace of mind, Bay Fuel Oil meters are certified by the Department of Weights and Measures. We are are Long Island's leading fuel oil companies. Why choose anyone else?
Please contact our premier customer service and support department at 631-475-1459
Home heating oil prices averaged $6.46 a gallon on Long Island in mid-May and show only slight signs of abating this month, throwing the market for heating-oil contracts for the coming winter season into uncertainty, observers say.
The Long Island average price was a 100% jump from the average $3.22 a gallon a year ago, and nearly a dollar higher than the average price of $5.49 at the end of April, according to figures from the New York State Energy Research and Development Authority. Heating oil prices across the state averaged $6.30 a gallon in the same May 16 survey.
As June prices continue to flirt with last month’s record levels, some companies are delaying new contracts or strongly urging customers not to lock in prices without protections, the observers say.
A dearth of new contracts also may be based in sticker shock, as June prices continue to flirt was last month's record levels, said Michael O’Connor, director of the nonprofit Fuel Buyers Group at the New York Public Interest Research Group.
“It might be that both retailers and customers really have a level of disbelief at how high prices are,” said O'Connor. “They’re thinking, ‘There’s no way it can get this high.’ That’s what we thought a few months ago, when we were shocked to see prices over $4. And now they’ve gone over $6.”
Where available, including through its own network of dealers, O'Connor's group is advising customers to consider capped programs, which have a ceiling that's set around the current rate but can also decline if prices drop.
“The best thing consumers can do is get a capped price,” O’Connor said. “That ceiling is going to be high, but at least it’s something they can budget for.” He advised customers to make sure they understand how heating-oil retailers’ formula for the cap works before signing up.
Debora Toth, a customer of Patchogue-based Swezey Fuel Co., said she recently called the company to ask about a new contract once her existing fixed contract expires at the end of July. The Farmingdale resident said she was told the company isn’t offering new contracts just yet “because prices are too volatile.” Toth added, “I’m not sure I’d want to lock in at $6 anyway.”
Gary Zanazzi, co-owner of Swezey, said the company will allow customers to lock in if they desire, but there’s “big risk to locking in right now” and he doesn’t recommend it.
“We’re getting calls now and telling customers it’s risky to lock in, but if you want to lock in, you can,” he said. Swezey is considering a capped-price program for the coming heating season, but it will carry costs for customers, along with the potential lost benefit if prices drop. Capped fuel programs might cost upward of 50 cents a gallon more, for instance, he said, though his program is not yet established.
Zanazzi said some customers with last winter’s locked-in rates that haven’t yet expired are requesting that their tanks be topped off for the summer, even though they aren’t due for a delivery until the fall. Swezey is accommodating some of the requests in cases in which customers have half a tank or less, he said, but the company takes a loss on such transactions.
O’Connor of NYPIRG said Long Island benefits from having a large number of fuel-oil retailers, even though “there’s been a lot of consolidation in the market,” since the last volatile period in 2008.
The Star Group, a Connecticut-based fossil-fuel conglomerate that describes itself as the nation's largest retail distributor of home heating oil, has acquired numerous Long Island heating-oil retailers, including Petro Home Services of Yaphank, Meenan Oil of Syosset, Schenck Fuels of East Hampton, Tuthill & Young of Port Jefferson, and Perillo Bros. in Farmingdale. Romanelli Energy, a Star-owned heating oil retailer in Lindenhurst, referred calls to Star Group, which did not return messages.
“They’ve been doing a lot of acquiring,” O’Connor said of Star, noting the company tends to keep original company names and many of the employees intact. As for Star's impact on local pricing, he said there isn't a lot of profit margin for the local retail suppliers.
"Whether prices are $3 or $6 a gallon, most of that money is going far, far upstream from someone delivering to your door," O'Connor said. "Most of what you pay is not going to that local retailer."
Mark Harrington, a Newsday reporter since 1999, covers energy, wineries, Indian affairs and fisheries.
What is the average price of fuel oil on Long Island?
What are oil prices today?
WTI Crude | 83.85 | +0.22 |
Brent Crude | 89.27 | +0.41 |
Murban Crude | 90.62 | +4.45 |
Natural Gas | 6.487 | +0.017 |
Gasoline •2 days | 2.535 | +0.022 |